SAN DIEGO, May 20, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (GOHE) ("Global" or the "Company") is pleased to announce that the Company has recently developed a new, second revenue source derived from the multi-billion-dollar CBD industry. This stems from a recently executed Independent Sales Organization ("ISO") agreement Global entered into with its existing technology partner, GreenBox POS (GRBX) ("GRBX"). This new agreement will result in Global receiving this revenue directly in addition to the revenue already being received from the Company's wholly-owned subsidiary, MTrac Tech Corporation ("Mtrac").

SAN DIEGO, May 15, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the Company has reached a sales milestone with over 100 completed and approved applications for the MTrac system. The MTrac team has worked diligently to increase revenue and improve shareholder value and this milestone is an indicator of what the rest of the year will bring. Launched in October 2018, the MTrac payment platform is a game changer for the legal cannabis industry.

SAN DIEGO, Calif., April 15, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to provide our valued shareholders with an update on MTrac’s ongoing expansion in 2019. The legal cannabis industry is experiencing very fast growth, and since the launch of the current iteration of the MTrac system in October, 2018, the Company has directly participated in this growth. Just as important has been the ability of MTrac to deliver a payment solution that is playing a critical role in establishing compliance, safety, and security in a nascent industry that has experienced a multitude of challenges which derive from limited access to standard banking and payment processing solutions.

Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that MTrac has entered into two new markets, Oregon and Hawaii. Oregon was one of the first states in the U.S. to legalize cannabis on an adult-use recreational level, and Hawaii is legal for medicinal purposes only. There is legislation being considered on a national level to provide protection to financial institutions that deal with cannabis, but in the current environment many legal businesses remain cut off from basic banking services.

Investorideas.com, a leading investor news resource covering tech and cannabis stocks, releases a snapshot looking at how payment technology and data solutions have evolved due to the regulatory hurdles facing the cannabis industry. PaymentsJournal discussed the “cannabis payments conundrum” and how as the cannabis industry matures we are beginning to see an evolution in payment and data tech companies. From the article: “The next few years will be hugely important in bringing more validity to the cannabis industry as it continues to expand into new legalized markets.

SAN DIEGO, March 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) and its operating subsidiary MTrac Tech Corp. (“MTrac”) are pleased to announce that Carol Gabel, a valuable member of the Company’s government relations team at MGR2, has been invited to speak at the New Jersey Cannabis Insider event on April 3rd of this year. The event brings together many of the key players throughout the cannabis industry in New Jersey and surrounding tri-state area to provide networking opportunities to both new and established businesses in this rapidly expanding industry. Ms. Gabel brings with her over 20 years of executive management experience and has worked with hundreds of legislators and elected officials under five different administrations.

Investorideas.com, a leading investor news resource covering tech and cannabis stocks releases a snapshot looking at the continued growth of payment solutions in the cannabis industry and how participating companies are preparing for the future as regulations change. “As of 2017 only around 300 of the 11,000 operational banks in the U.S. will comply with legal marijuana companies or vendors.” The article goes on to discuss the downsides caused by this lack of financial access, such as security (for cash only dispensaries), regulation issues (payment solutions companies unfamiliar with the legal landscape) and customer access (an inability to expand or increase online sales due to lack of accepted payment options).

SAN DIEGO, March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the U.S. Patent and Trademark Office has federally registered its slogan, The Key to Cashless® under Trademark Registration #5705041. The initial application for this trademark was initially filed and submitted roughly one year ago by MTrac’s legal team, and with its completion and official registration, the Company will now incorporate the trademark into its growing book of assets. “This slogan represents our philosophical vision for the financial solutions our team is delivering to an industry in need,” said Vanessa Luna, MTrac CEO.

As has been the trend since the current iteration of the MTrac system was deployed back in October, totals associated with daily and monthly sales and transactional volume along with the average ticket cost processed within the system continue to climb each month at what the Company perceives to be a very steady and encouraging pace, and the first quarter is seeing a continuation of this very positive trend. The transaction volume increase is in the Company’s opinion a sign of the significant adoption and industry desire for a compliant service offering. MTrac is on track and projected to see over a 100% increase in revenue from Q4 of 2018 to this 1st quarter in 2019.

SAN DIEGO, March 06, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (GOHE) (“Global” or the “Company”) would like to take an opportunity to update its valued shareholders and other interested parties on the status of the Company’s Form 10 filing. As has been previously announced, the Company has been in engaged in a full two-year audit of its financials in preparation for the filing of its Form 10 and its submission to the Securities and Exchange Commission for review. While a significant amount of progress continues to be made by management and all parties involved with the audit and filing, the Company has elected to include its fully audited 2018 financial report with the anticipated filing of its Form 10, along with the fiscal 2017 fully audited financial reports.

SAN DIEGO, Calif., Feb. 20, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that they have launched the new MTrac website! Over the course of the last year, the Company has undergone two separate deployments of its payment platform. The Company is now ready to unveil its new website to give both customers and shareholders a comprehensive look at the compliant MTrac payment platform powered by blockchain ledger technology.

SAN DIEGO, Jan. 29, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to provide a shareholder progress update on the roll out of MTrac, a secure blockchain-backed payments platform. From the Company’s own research on customers using MTrac they have seen an average increase of 26% on ticket prices compared to before they were able to accept credit cards. “We have been working with MTrac for several months.

SAN DIEGO, Jan. 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global” or the “Company”) and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce the release of its system’s API for the purpose of integration with some of the leading POS companies in the cannabis industry. The MTrac team has engaged with several POS companies over the last few months to discuss integration initiatives. MTrac’s ability to integrate with industry leading POS companies will deliver further compliance and seamless transactions to dispensaries, improving all stakeholders’ comprehensive value positions.

As 2018 comes to an end, I’d like to take this opportunity, on behalf of myself and the Company to provide our valued shareholders with clarity on a number of business endeavors and aspirations for the new year. My involvement with Global Payout since 2016 has always been, and continues to be, that of persistence, innovation, recognition of opportunities, and the cultivation of key partnerships. In my opinion, the time leading up to this moment was well spent on laying the ground work and building the infrastructure necessary to sustain what we can now expect to be prospective rapid growth and universal adoption of our payment system across a multitude of sectors.

SAN DIEGO, Dec. 24, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout (OTCPink: GOHE) ("Global" or "the Company") is pleased to announce the execution of a license agreement with GreenBox POS (OTC: GRBX) for its groundbreaking blockchain payment technology for use in a variety of business sectors.

“The last few weeks have continued to solidify how valuable our solution is to the industry,” said MTrac CRO, Aaron Adler. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation.

SAN DIEGO, Dec. 04, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) is very pleased to announce that they have completed their two year financial audit and have engaged an experienced securities attorney to draft and file the Form 10 which will effectively pave the way for Global to become a fully reporting company. The filing of the Form 10 has been a top priority for Global’s current executive management team since they took the helm in June as it represents a necessary step for the up listing to the OTCQB, which the Company plans to apply for once the Form 10 is effective. The Company is encouraged by the progress it has made in recent weeks in completing the audit and believes it will have the Form 10 filed and completed by year end. “Guiding this audit to a successful completion and placing our Company in a position to file the Form 10 has been one of my primary objectives over the last several months,” Said Global Payout CEO, Vanessa Luna.

SAN DIEGO, Nov. 26, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) and its wholly owned subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased to announce that they are expanding into 3 new states with the signing of two new clients, both national brands that are two of the largest cannabis companies in the U.S. “We strive to work with companies whose goals and principles are aligned with the core values of our company,” said Vanessa Luna, CEO of MTrac. MTrac’s two new clients are adding 10 dispensaries to its platform with another 15 projected to come aboard before year end, and both companies are looking to add about 50 more dispensaries to their rapidly growing organizations in 2019.

SAN DIEGO, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) and its wholly owned subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased to announce that their participation at the MJBizCon 2018 was an overwhelming success. Over the course of three days in Las Vegas, the MTrac team has made countless, significant verified leads with prospective new clients and potential partnerships with industry leaders. The positive feedback and enthusiasm with which the payment processing & management system was received by the conference’s attendees was overwhelming, encouraging, and confirming that MTrac’s streamlined, compliant platform is a solution that the industry desperately needs.

MTrac’s first Colorado client is a company with two dispensaries, one in Denver and one in Boulder. The company is well-established and holds state licenses that comprise the full vertical from cultivation and manufacturing to retail. As with most cannabis businesses, cash heavy operations pose many challenges, and this Colorado company was in need of a secure, compliant, and customer-friendly cashless solution to streamline its business expenditures processes.

SAN DIEGO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) and its wholly owned subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased to announce that the San Diego team will be heading to Las Vegas for MJBizCon 2018, the largest annual cannabis convention in the country. The event will be held at the Las Vegas Convention Center November 14-16 and will bring together all of the major cannabis industry leaders and cutting-edge ancillary businesses that are serving the industry.

SAN DIEGO, Oct. 30, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) and its wholly owned subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased to announce that, after many months of diligence, they are in the final stages of the audit and have begun drafting the Form 10, which the Company anticipates will be filed within the next few weeks. The Form 10 represents a key mile marker for this Company as it moves to expand nationwide as a premier technology provider. Over the last few weeks the team at MTrac has been dedicated to onboarding as many clients as possible and streamlining this process to allow for the fastest possible turn around from inquiry to implementation.